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Reply to "Robin Hood just ended trading on GameStop and AMC"
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[quote=Anonymous][quote=Anonymous]Did WSB uncover a huge scam walk street had been running? https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/ Basically, the allegation is that there may be more shares floating around than actually exist! Wall street has been creating fake shares, and if you bought gme stock you may only have an iou for a stock, not the actual stock. The number of failures to deliver for GME is perplexing, and Michael Burry was wondering why it took 3 weeks to deliver shares when he requested delivery of the ones he owned.[/quote] Um, the fact that short interest rose above 100% is neither illegal nor hidden. [/quote]
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